Rapido eyes entry into food delivery; to disrupt Swiggy, Zomato's duopoly

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Rapido eyes entry into food delivery; to disrupt Swiggy, Zomato's duopoly - Business Standard

Quick Summary:

The report also added that the erstwhile bike taxi platform has seen an uptick in the number of rides booked every day.

The report citing sources also stated, “These are early discussions to determine if Rapido can challenge the Zomato-Swiggy duopoly.

This year's fundraising comes as an extension to the $200 million raised by the startup last year in a funding round led by WestBridge Capital, following which the company's valuation touched $1.1 billion.